If a bank receives a new checkable deposit of $10,000 . and the required reserve ratio is 20 percent, then the bank can lend out:

The monopolist faces a downward sloping demand curve, and maximizing profits requires the monopolist to

A) accept the market price for its product. B) will produce where the demand curve is inelastic. C) search for the price consistent with producing to the point at which marginal revenue equals marginal cost. D) search for the highest possible price consistent with maximizing its revenues, irrespective of its explicit and implicit opportunity costs.

Technological advances can cause the labor demand curve to shift

a. True b. False Indicate whether the statement is true or false